What is the average apartment size in Downtown Milwaukee, Milwaukee, WI?

The average size for a Downtown Milwaukee, Milwaukee, WI apartment is 890 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Downtown Milwaukee?

As of Jul / 2026, the average rent in Downtown Milwaukee is $2,140 per month, a 1.25% increase from last years average of $2,113.

How much does rent cost by apartment size in Downtown Milwaukee?

In Downtown Milwaukee, studios rent for $1,368 per month, one-bedroom units average $1,856 per month, two-bedrooms cost around $2,524 per month, and three-bedroom apartments rent for about $4,343 per month

What is the average apartment size in Downtown Milwaukee?

The typical apartment in Downtown Milwaukee offers about 890 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Downtown Milwaukee?

Studio apartments in Downtown Milwaukee average 602 sq. ft., one-bedrooms offer 732 sq. ft., two-bedrooms are about 1,125 sq. ft., and three-bedroom apartments average 1,606 sq. ft.

What are the most affordable neighborhoods in Downtown Milwaukee?

The most affordable neighborhoods in Downtown Milwaukee include Merrill Park ($833/month), Riverwest ($920/month), and Southpoint ($1,152/month), all below the citywide average of $1,657.

What are the most expensive neighborhoods in Downtown Milwaukee?

The most expensive neighborhoods in Downtown Milwaukee are Walker's Point ($1,892/month), Juneau Town ($2,101/month), and Historic Third Ward ($2,598/month), often due to premium locations and high-end amenities.

Downtown Milwaukee, Milwaukee, WI Rental Market Trends

Q: What's the typical rent budget in Downtown Milwaukee?

The typical rent budget in Downtown Milwaukee ranges from $1,501 to $2,000 per month, with 35% of rentals in this range.

Q: Do most people rent or own in Downtown Milwaukee?

In Downtown Milwaukee, 82% of households rent while 18% own their homes, based on the latest U.S. Census data.

Last updated: August 31, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Downtown Milwaukee is $2,140, a 1.25% increase compared to the previous year, when the average rent was $2,113.

Studio Apartments at $1,368 offer the most budget-friendly option with 602 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 732 square feet for $1,856, balancing privacy and affordability.

Two-bedroom units at $2,524 offer 1,125 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,606 sq ft) for $4,343, suitable for larger households.

Average rent in Downtown Milwaukee, Milwaukee, WI

Last updated: August 31, 2026

	Average Rent	Average Apartment Size
All Rentals	$2,140	890 sq. ft.
Studio	$1,368	602 sq. ft.
1 Bed	$1,856	732 sq. ft.
2 Beds	$2,524	1,125 sq. ft.
3 Beds	$4,343	1,606 sq. ft.

Downtown Milwaukee, Milwaukee, WI rent trends

Rental prices in Downtown Milwaukee, Milwaukee, WI have increased by 1.25% over the past year. The average rent moved from $2,113 to $2,140.

What's the typical rent budget in Downtown Milwaukee, Milwaukee, WI?

The largest share of rentals in Downtown Milwaukee, Milwaukee, WI (35%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Downtown Milwaukee, Milwaukee, WI?

4,927 or 82% of the households in Downtown Milwaukee, Milwaukee, WI are renter-occupied while 1,079 or 18% are owner-occupied.

Most affordable neighborhoods in Downtown Milwaukee?

Merrill Park $833/month

Riverwest $920/month

Southpoint $1,152/month

All of these neighborhoods fall below the city wide average of $1,657/month.

Most expensive neighborhoods in Downtown Milwaukee?

Walker's Point $1,892/month

Juneau Town $2,101/month

Historic Third Ward $2,598/month

These neighborhoods typically command higher rents due to location, amenities, and demand.

Average Rent in Milwaukee, WI By Neighborhood

Neighborhood	Average Rent
Historic Third Ward	$2,598
Juneau Town	$2,101
Walker's Point	$1,892
Kilbourn Town	$1,886
Northpoint	$1,877
Bay View	$1,782
Lower East Side	$1,774
Harbor View	$1,753
Yankee Hill	$1,709
Brewer's Hill	$1,693
Calumet Farms	$1,642
Granville Station	$1,493
Euclid Park	$1,435
Castle Manor	$1,375
Cannon Park	$1,356
Murray Hill	$1,353
Avenues West	$1,351
Timmerman West	$1,202
Historic Mitchell Street	$1,168
Jackson Park	$1,153
Southpoint	$1,152
Riverwest	$920
Merrill Park	$833

Milwaukee | Rent Comparison by Neighborhood

Rent in Avenues West is 24% lower than in Bay View

$1,351

Avenues West rent is 37% lower than Milwaukee average

Average Rent $1,351

$1,782

Bay View rent is 17% lower than Milwaukee average

Average Rent $1,782

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Milwaukee apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.